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vladimir1956 [14]
3 years ago
12

A Coverdell Education Savings Account may be preferred to a Sec. 529 Education Savings Account under all of the following circum

stances EXCEPT:(A)The student beneficiary will use the money to pay for high school expenses.(B)The grantor's modified adjusted gross income is below a certain threshold amount.(C)The grantor is in a low tax bracket.(D)The grantor wants to make a one-time contribution of $15,000 to the account.
Business
1 answer:
Tpy6a [65]3 years ago
6 0

Answer:

A)The student beneficiary will use the money to pay for high school expenses.

Explanation:

A Coverdell Education Savings Account can be used for elementary, secondary, or higher education expenses (college). The money can be used to pay for public, private, or religious schools. On the other hand, 529 plans can only be used to pay for higher education expenses (college).

The maximum contribution to a Coverdell Education Savings Account is $2,000 per year per child and the contribution is not tax deductible. But when the distributions are taken to pay for the child's qualified education expenses, then they are not taxed.

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Gary and Wilma Johnson plan to open a bus tour business, taking people from their small city to historic sites along the East Co
Komok [63]
The answer to the given question above would be option D. Profit Margin. On the given scenario above, since they will be offering different kinds of services at once, what they should pay attention to is the profit margin or the net margin. Profit margin serves as the measurement of profitability. This is expressed in percentage and shows how much the return sales are that are generated by the company based on the amount they have initially invested. 
4 0
3 years ago
Read 2 more answers
When creating a data backup plan or policy, what five basic questions should be answered?
Tresset [83]
Each establishment, whether small or big, government-owned or private companies, always have to backup their files in case of emergencies. As you make your backup plan, you must come across these five basic key questions:

1. Are you backing up all your data? You have to sort your files to be backed up because storage can be limited.

2. How often is your data backed up? You must make sure to back up your data on a regular basis, if not day-to-day.

3. Who is responsible for your backups? For big companies, it is too big of a task for one person to shoulder. Usually, this is tackled by a department, usually the I.T. Department.

4. Do your backups actually work? You should test regularly if these back ups actually work by restoring data files every now and then.

5. Do you have right backup checks and balances in place? The I.T Department tackling backup plans is one thing. But there should also be checks and balances so that you have a backup of your backup. It's better to be safe than sorry.
6 0
3 years ago
In a _______ the general partners assume unlimited personal liability for the partnership debts, however, the limited partners a
DerKrebs [107]

Answer:  limited partnership

                                 

Explanation: In simple words, limited partnership refers to an arrangement having two or more general partners and limited partners. The general partners in such an arrangement is usually an entity such as a corporation and they bore unlimited liability and keeps track of the management.

While on the other hand, the limited partners are usually someone having goodwill or market experience. They have liability to the extent of their investment and do not take part in management.

4 0
3 years ago
A company gives each of its 80 employees (assume they were all employed continuously through 2020 and 2021) 12 days of vacation
Olin [163]

Answer:

$157,440 ; $230,400

Explanation:

The computation is shown below:

For 2018

= Number of employees × number of vacations in a year × number of hours per day × wages per hour

= 80 employees × 12 days × 8 hours × $20.50

=$157,440

For 2021

= Number of employees × number of vacations in a year + number of vacations in a year - average of vacations × number of hours per day × wages per hour

= 80 employees × 12 days + 12 days - 9 days × 8 hours × $24

= $230,400

5 0
3 years ago
What would you recommend managers do to ensure a smooth integration of the information systems, given the culture differences?
lilavasa [31]

Answer and Explanation:

There are sure key focuses which manager should remember to guarantee a smooth coordination of the data system.

  • Has the IT guide and system been resolved?  
  • In view of the IT methodology, is the union arrangement for the IT frameworks set up?
  • Does a solidification plan have satisfactory time and assets for mix?
  • Have test plans been created?  
  • In light of the IT system is there an emergency course of action close by?
  • Are for the most part frameworks components incorporated into the solidification plan?
  • Has the arrangement for IT acquirement, physical area and assets been resolved

6 0
3 years ago
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